The war in Ukraine presents many risks for the old continent, both in the geopolitical and economic sphere, and the recent escalation related to the sabotage of the Nordstream pipelines, it appears that Europe may be about to face a very difficult winter. Against this background further euro weakness may be on the cards. Ricardo…
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That said, the Stoxx-50 index still trades inside its short-term bearish channel, currently close to the upper band, while the RSI indicator may indicate a potential lateral consolidation to come. The overall sentiment remains clearly bearish for riskier assets and investors are likely to stay focused towards macro developments with today’s speeches from Fed chair…
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Investors are also bracing for another busy week with speeches from ECB and Fed officials alongside a batch of significant macro news such as Chinese PMI, US GDP and EU CPI. The GBP continues to crash alongside the main FTSE-100 UK index which highlights the lack of confidence investors have in the Government’s plans while…
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European Shares Stock markets extended declines on Friday in Europe, alongside Asian shares and US futures, amid fading appetite for risk on a global scale. Benchmarks drifted lower, trading closer and closer to their annual low while Treasury yields continue to climb almost everywhere as investor sentiment is being weighed down by higher borrowing costs,…
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The BoE’s own predictions point to an incoming recession, while the government is having to borrow enormous amounts in order to mitigate the effects of a devastating rise in the country’s cost of living. Looking ahead, despite the shift to a more hawkish stance by the central bank, the pound is likely to remain under…
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Gold Gold has been trading flat during the early part of Tuesday’s session, remaining close to the 2-year minimum touched at the end of last week. The price of the precious metal is weighed down by the strength of the dollar, with investors bracing for the Federal Reserve rate decision due on Wednesday. The Fed…
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The hawkish scenario of a triple hike on Wednesday seems to be almost universally priced in, so a case of ‘buy the rumour, sell the fact’ might apply for the dollar that evening and the euro might make at least a small bounce. As noted above, though, it’s the press conference that seems to be…
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European Shares European shares continued to fall shortly after the opening bell of the first trading session of the week, extending last week’s losses as traders brace for a busy week on the macro front. The cautious trading mood prevails on the markets on Monday after investors ended the last week with more questions than…
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The situation is clearly bearish on most EU benchmarks this morning, with traders bracing for the EU CPI figures as well as a triple-witching day where erratic market moves usually happen. The Stoxx-50 index has now broken-out of its short-term bullish trendline that has been supporting prices since the beginning of the month, and is…
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European Shares European stock indices climbed higher on Thursday, boosted by financials as traders continue to weigh the prospect of higher borrowing costs. Markets seem torn between a bearish sentiment on one hand, supported by lingering macro threats in a tighter liquidity environment, and dip buyers on the other who continue to bet on the…
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